CS Turns To CoCos To Raise Capital

Credit Suisse plans to use contingent convertible bonds to raise at least CHF250 million ($275 million) as part of its effort to repurchase CHF4 billion ($4.4 billion) of public tier 1 and tier 2 securities and swap them for instruments such as CoCos.

08 Mar 2012

Credit Suisse plans to use contingent convertible bonds to raise at least CHF250 million ($275 million) as part of its effort to repurchase CHF4 billion ($4.4 billion) of public tier 1 and tier 2 securities and swap them for instruments such as CoCos.